French finance minister says there has been progress in talks over Suez

In this news, we discuss the French finance minister says there has been progress in talks over Suez.

PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Sunday that talks over French utility Suez SEVI.PA, in which rival Veolia wants to buy nearly a third of the shares, had progressed.

Earlier on Sunday, Suez rejected assurances from Veolia VIE.PA that it would not make a hostile offer for the entire company after reaching a deal to buy a 29.9% stake in the electric group Engie ENGIE .PA.

The mayor told reporters in an appeal that a deal was still possible on Suez and expressed hope that the two sides would work towards a friendly deal in the coming hours.

Reporting by Leigh Thomas; Editing by Mathieu Rosemain and Giles Elgood

Original © Thomson Reuters

Originally posted 2020-10-04 10:56:10.

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